Whether you are saving for a car, college, a vacation, or an emergency fund, there’s no better place to keep the money you’re saving than in a high-interest savings account.

High-yield savings accounts are used for emergency funds and storing savings for future events. They pay a yield that’s higher than average, allowing savers to reach their financial goals faster. 

The average savings account pays 0.07 percent annual percentage yield (APY). Many of the country’s biggest banks pay less than that. Compare rates among today’s best widely available, high-interest savings accounts to find the right account for you.

These accounts typically pay a higher interest rate than traditional savings accounts and almost always offer better returns than traditional checking accounts. High-yield savings accounts can be used for any savings goal. 

Most high-yield savings accounts are offered by online banks. Online, you can conveniently manage your savings account 24/7.

How can a high-yield savings account help you meet your goals?

Click here for more info and to see a list of the best high-yield online savings accounts. 

Source:

https://www.bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/#savings-vs-card-debt